Tyers Asset Management LLC lifted its position in shares of Harley-Davidson Inc (NYSE:HOG) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,496 shares of the company’s stock after acquiring an additional 638 shares during the quarter. Tyers Asset Management LLC’s holdings in Harley-Davidson were worth $448,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of HOG. Dimensional Fund Advisors LP lifted its stake in shares of Harley-Davidson by 44.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,413 shares of the company’s stock valued at $84,394,000 after purchasing an additional 762,573 shares during the period. Geode Capital Management LLC raised its position in shares of Harley-Davidson by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 2,426,455 shares of the company’s stock valued at $82,664,000 after buying an additional 136,387 shares during the period. Bank of Montreal Can raised its position in shares of Harley-Davidson by 1.8% during the 1st quarter. Bank of Montreal Can now owns 78,456 shares of the company’s stock valued at $2,799,000 after buying an additional 1,390 shares during the period. Janus Henderson Group PLC raised its position in shares of Harley-Davidson by 112.9% during the 1st quarter. Janus Henderson Group PLC now owns 101,738 shares of the company’s stock valued at $3,628,000 after buying an additional 53,956 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Harley-Davidson by 13.0% during the 1st quarter. Victory Capital Management Inc. now owns 326,783 shares of the company’s stock valued at $11,653,000 after buying an additional 37,524 shares during the period. Institutional investors own 93.97% of the company’s stock.
HOG has been the subject of a number of research reports. Morgan Stanley reduced their target price on shares of Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Northcoast Research reissued a “hold” rating on shares of Harley-Davidson in a report on Tuesday, June 4th. KeyCorp reissued a “hold” rating on shares of Harley-Davidson in a report on Friday, July 19th. Wedbush set a $35.00 price objective on shares of Harley-Davidson and gave the stock a “hold” rating in a report on Friday, July 12th. Finally, DA Davidson reissued a “sell” rating on shares of Harley-Davidson in a report on Friday, July 26th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Harley-Davidson currently has a consensus rating of “Hold” and an average price target of $41.00.
Shares of NYSE HOG traded up $0.80 during midday trading on Friday, hitting $36.85. The company’s stock had a trading volume of 50,469 shares, compared to its average volume of 1,458,646. Harley-Davidson Inc has a 1-year low of $30.17 and a 1-year high of $46.22. The firm’s fifty day moving average price is $33.17 and its 200-day moving average price is $35.56. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.03 and a current ratio of 1.15. The firm has a market cap of $5.55 billion, a P/E ratio of 9.73, a P/E/G ratio of 1.26 and a beta of 1.21.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.04. Harley-Davidson had a net margin of 7.99% and a return on equity of 28.67%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business posted $1.52 EPS. The company’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, research analysts predict that Harley-Davidson Inc will post 3.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 17th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Monday, September 16th. Harley-Davidson’s dividend payout ratio (DPR) is presently 39.68%.
Harley-Davidson Company Profile
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
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